fbpx

Type to search

China’s BYD to Start Selling EVs in Japan From January 2023

Japan is one of the most competitive car markets in the world and is still seen as a stronghold for fossil fuel-powered vehicles


People stand near a BYD X Dream electric vehicle (EV) displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo
People stand near a BYD X Dream electric vehicle (EV) displayed during the Auto Shanghai show in China. Photo: Reuters

China’s BYD said on Monday it would start selling its first battery electric vehicles (BEVs) in Japan by early 2023.

The move is part of the world’s largest EV maker’s plan to either sell or make its cars available across major markets.

BYD’s Japanese division said it will roll out an electric sports utility vehicle, ATTO 3, starting January 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66).

 

Also on AF: China EV Giants Revved Up For European Sales Drive

 

In comparison, Nissan Motor‘s electric Leaf standard model has a cruising range of 322 kilometres and costs about 3.7 million yen.

Japan is one of the most competitive car markets in the world and is still seen as a stronghold for fossil fuel-powered vehicles. Car buyers in the country have remained slow in adopting EVs and are known to have a preference for domestic carmakers.

Nine tenths of the five million cars sold annually in Japan are from domestic firms such as Toyota, Honda and Nissan.

However, the share of the battery-driven vehicles is expected to grow, partly due to non-Japanese automakers like BYD and Volkswagen making their way into the market.

 

More EVs to come

BYD’s Japan chapter is planning to introduce two more models by the end of 2023 and more than 100 dealerships in Japan by the end of 2025, the company said.

The Chinese EV-maker is planning to set up tentative retailers starting late January in 22 cities but is eager to cover all 47 prefectures, said Atsuki Tofukuji, BYD Auto Japan Inc chief executive.

“We hope that we can make our presence felt little by little as we work toward carbon neutrality and as our customers demand a variety of choices,” he said.

 

  • Reuters, with additional editing by Vishakha Saxena

 

Read more:

Tesla Doubles China Sales But BYD Set to Top Retail Chart

China’s BYD to Sell its Electric Vehicles in Mexico in 2023

BYD Has Most EV Tech Patents of China Carmakers – Nikkei

China’s BYD Races to Second Top Australia EV Brand – Drive

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As an eager stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha

logo

AF China Bond